Rice price today 02/16/2023: price continues to move sideways

rice price today February 16, 2023: prices continue to move sideways rice prices today in the Mekong Delta continue to move sideways. According to traders, today the supply of raw rice is stable, warehouses ask to buy a lot, rice prices remain high. The rice market is stable, the prices of IR 504, Dai Thom 8, OM 18 rice increased slightly in some fields. In the world market, the export rice offering price of Vietnam today was adjusted down by 5 USD/ton. Currently, the price of 5% broken rice is at 463 USD/ton, down 5 USD/ton; 25% broken rice remains at 443 USD/ton, down 5 USD/ton. Experts say that although the current rice price has decreased compared to the end of January 2023, it is still at the highest level in the past 2 years. Rice prices increased because the Indian market – the world’s largest rice supplier, limited rice exports and increased purchasing for reserves; This has caused a shortage in world supply and increased prices. In addition, the reopening of the Chinese market has also increased demand. On February 2, the Indonesian Food Purchasing Agency (Bulog) set a target of purchasing 2.4 million tons of rice in 2023. Experts say that Indonesia’s increased purchase of reserves (even domestic sources) has also contributed to heating up the world rice market because the country’s rice production is usually quite limited, only at a low level of self-sufficiency. At the end of last year, the country had to increase imports in the final period of the year to ensure that its reserves were at a safe level. #rice_price #agriculture #fresh_rice_price #farmers #farming #farmers #ir50404 #Fresh_rice_husk #Long_An_sticky_rice #OM9577 #OM9582 #OM5451 #NangHoa9 #OM6976 #OM18 #Japanese_rice #Western_Farmers #Farmer_news #Market_prices

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